Parksons Packaging has recently completed the acquisition of MK Printpack Private Limited. Founded in 1982, MK Printpack is a leading producers of folding cartons, catering to Pharmaceutical, Food & Beverages, Home & Personal Care, Toys and Electrical industry through its three state-of-the-art manufacturing facilities in Gujarat, Daman, and Haridwar.
The acquisition of MK Printpack will further strengthen Parksons Packaging’s leadership position in the folding carton market in India. MK Printpack’s innovative packaging solutions and technical expertise in microflute packaging will augment Parksons’ portfolio and MK’s strategically located manufacturing facilities will help Parksons expand its geographic footprint. Existing founders of MK Printpack, Anil Kumar and Sanjeev Kumar, along with the senior leadership, will continue to be a part of the future growth journey.
This is Parksons Packaging’s second acquisition in the last 18 months. In November 2021, Parksons acquired Manohar Packaging. Parksons Packaging (including its subsidiaries) now has eleven manufacturing facilities across Daman, Chakan, Pantnagar, Guwahati, SriCity, Goa, Punjab, Haridwar and Gujarat.
Siddharth Kejriwal, Managing Director, Parksons Packaging, said, “We are thrilled to welcome MK Printpack to the Parksons family. We look forward to leveraging MK Printpack’s expertise in manufacturing high quality microflute cartons by using its large format printing capability and strategically located manufacturing facilities in Haridwar and Gujarat along with the pharma packaging focused facility in Daman. This acquisition will provide more value to our customers and enhance our ability to serve clients efficiently across the country, giving us access to new growth opportunities.”
Anil Kumar and Sanjeev Kumar of MK Printpack said, “This is an excellent opportunity for us to accelerate our growth journey as part of Parksons Packaging which is backed by Warburg Pincus. This association will allow us to serve our customers better with a wider range of products and pan-India presence. We look forward to a long-term association with Parksons.”